PrJSC United Mining and Chemical Company (UMCC), which has taken over management of Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipropetrovs’k region) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), has resumed shipments of titanium raw materials (ilmenite) from its Irshansk branch to the European market.
According to the SPF press release, in October, UMCC started shipping ilmenite concentrate from IGOK to the Czech Republic. Under the contract, the company is to supply 30 thousand tons of finished products to the European market by the end of 2023. The customer is a company that produces titanium pigment TiO2, which is widely used in various industries for the production of consumer goods.
At the same time, it is explained that these are the first shipments of ilmenite from the Irshansk branch in 2023. Due to the martial law, destroyed logistics and constant shelling in 2022, the products accumulated in previous periods were stored in the company’s warehouses for almost more than a year, which was an obstacle to the resumption of new ore production.
One of the main tasks set by the State Property Fund for the new management board of UMCC is to establish exports and expand the geography of direct supply contracts. By the end of the year, our company plans to ship about 105 thousand tons of ilmenite concentrate to the European and American markets,” said Yegor Perelygin, First Deputy Chairman of the Board of UMCC, as quoted by the press service.
The United Mining and Chemical Company began its actual operations in August 2014, when the Ukrainian government decided to transfer the property complexes of Vilnohirsk Mining and Metallurgical Plant (VMMC, Dnipropetrovska oblast) and Irshansk Mining and Processing Plant (IGOK, Zhytomyrska oblast) to its management. Previously, these plants were leased to Firtash’s structures. Then the company was transformed into a PJSC and then into a PrJSC.
In August 2016, the government included UMCC in the list of companies to be privatized in 2017. Its deadline was postponed several times, and the tender was disrupted twice.
UMCC used to sell its products to more than 30 countries and was one of the world’s largest producers of titanium raw materials, accounting for 4% of the global market. The company mines titanium ore.
The United Mining and Chemical Company PJSC (UMCC), which controls the Volnogorsky Integrated Mining and Metallurgical Plant (VMMC, Dnipropetrovsk Region) and the Irshansky Integrated Mining and Processing Plant (IGOK, Zhytomyr Region), has resumed operations at the IGOK after a long downtime since last October.
According to the company’s press-release, IGOK is restoring its capacities.
At the same time it is noted that beneficiation plant No. 3 was launched on July 5, and the concentrate will be processed using a dry scheme.
During the shift, the employees of IGCC produced 220 tons of ilmenite concentrate.
Dmitry Kalandadze, deputy chairman of OGKhK’s board, explained that the launch of the IGOK after a long downtime was a priority for the company.
“We know how important it was for our employees at the branch. Today some of them are already at their workplaces. Now we are on the threshold of global changes in the titanium industry, where OGKhK, as a state-owned company, has all chances to take leading positions and push Russia out of the international market forever. I’m sure that the launch of IGCC is a good signal for international partners and I hope that by the end of the year we will be able to achieve stable figures,” said Kalandadze, who was quoted by the press service.
Earlier, it was reported that OGCC plans to resume operations at Irshanskoye and bring the branch to pre-war production levels by the end of 2023. At the same time, the company is actively negotiating to sell products of IGOK to Western partners and plans to enrich ilmenite concentrate by the end of this year at 18 thousand tons per month.
The United Mining and Chemical Company began its actual activities in August 2014, when the Ukrainian government decided to transfer the property complexes of the Volnogorsk Mining and Metallurgical Combine (VMMC, Dnipropetrovsk Region) and the Irshansk Mining and Processing Combine (IGOK, Zhitomir Region) to its management. Earlier these plants were leased by Firtash’s structures. Then the company was transformed into a PAO, and then – into a PrJSC.
In August 2016, the government put OGCC on the list of companies to be privatized in 2017. Its deadline was postponed several times, and the tender was twice thwarted.
Previously, OGHK sold products to more than 30 countries and was one of the world’s largest producers of titanium raw materials, accounting for 4% of the global market. The company produces titanium ore.
PrJSC United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr region), significantly increased production indicators in August this year.
According to the company’s information on Monday, Vilnohirsk Mining and Metallurgical Plant last month fulfilled the planned targets for stripping by 111.7%, production by 111.5% and road transportation by 102.9%. At the same time, it is noted that the achieved production indicators are the highest since the beginning of the year.
The situation is similar with the implementation of the plan at Irshansk Mining: in August, the stripping plan was fulfilled by 123.3%, and production – by 100%.
“The increase in production indicators became possible thanks to restoration of the mining equipment fleet, reduction of technological downtime, reduction of equipment emergency stops and successful capital investments during the year,” the press release states.
In addition, it is reported that UMCC launched a large-scale social program in August. In order to reduce the organic matter pollution of surface waters supplied to a pumping and filtering station of a water supply shop of Vilnohirsk Mining for further treatment, in August the company began reconstruction of water intake facilities of the pumping station on the Dnipro River. This will provide the residents of Vilnohirsk and a number of settlements of Dnipropetrovsk region with high-quality drinking water.
The United Mining and Chemical Company began its actual activity in August 2014, when the government of Ukraine decided to transfer the property complexes of Vilnohirsk and Irshansk plants under its management.
UMCC sells its products to more than 30 countries of the world and is one of the world’s largest producers of titanium raw materials, occupying 4% of the world market. The main sales markets are the EU, China, Turkey, as well as the United States and African countries.
PrJSC United Mining and Chemical Company, which manages Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr region), in January-September this year increased its net profit by 4.2 times compared to the same period last year, to UAH 424.494 million (against UAH 100.736 million, respectively).
“The company’s net profit, actually received in the first nine months of this year, amounted to UAH 424.494 million, which is more than four times higher than the financial result of last year, which amounted to UAH 100.736 million,” the State Property Fund of Ukraine said in a press release.
At the same time, earlier, with reference to data of the portal of state enterprises, it was reported that UMCC for the nine months of 2019 reduced its net profit by 47.8% compared to the same period in 2018, to UAH 221.040 million from UAH 423.079 million. At the same time, net income for the indicated reporting period increased by 5.8%, to UAH 2.698 billion, and EBITDA amounted to UAH 488.895 million.
As reported, the Cabinet of Ministers of Ukraine on November 18 of this year approved the financial plan of the UMCC for 2020 with a net profit of UAH 575.670 million. At the same time, payments to the state this year from the company should amount to UAH 344.672 million, including income tax some UAH 104.203 million.
UMCC sells its products to more than 30 countries of the world. The main sales markets are the EU, China, Turkey, as well as the United States and African countries.
